22 November 2017
Some individuals may benefit from some of the changes to residential property taxation, whilst others will pay higher ATED charges.
22 November 2017
The Autumn Budget held no great suprises for individual taxpayers, with a focus on entrepreurial investment and tightening anti-avoidance. It is also welcome that the chancellor continues the commitment to raise personal allowances and the starting point for paying higher rate tax.
20 October 2017
From 6 April 2016, the amount that can be contributed into an approved pension scheme each year (ie the annual allowance) for tax relief purposes has been reduced from £40,000 to just £10,000 for individuals whose ‘threshold income’ exceeds £110,000 and ‘adjusted income’ is more than £210,000 per tax year.
19 September 2017
The intention of introducing a 3 per cent increased stamp duty land tax (SDLT) rate was to ‘try and redress the balance between those who are struggling to buy their first property and those who are able to invest in additional properties’.
15 July 2017
800,000 people will pay the 60 per cent tax rate in 2017/2018 – will you be one of them?
23 May 2017
The Conservative proposal regarding how to fund social care costs in the future – dubbed the ‘dementia’ tax – raises many questions, but what about future tax planning? Will this be easy to navigate? Will it bring future complexity? Or will it be too difficult to implement
19 April 2017
Tax changes introduced on 6 April 2017 have led some landlords to consider whether property should be held in a company rather than personally. Full interest relief should be available to most buy-to-let properties held in a company, so on the face of it, it seems a better tax position – but is it?
18 April 2017
The government’s pledge to not raise rates of income tax, VAT and National Insurance contributions during the current parliament (the triple lock) has meant that it has had to look to other ways of increasing the tax take.